The Actuarial Review
THE NEWSLETTER OF THE CASUALTY ACTUARIAL SOCIETY · VOL. 31, NO. 1 · February 2004

The Top Ten Casualty Actuarial Stories of 2003   Based on our annual survey of CAS leaders, we have compiled a list of the top ten news stories affecting casualty actuaries in 2003. This listing, as seen in the accompanying chart, (.pdf) reflects a wide variety of issues and illustrates the diverse areas where casualty actuaries influence the insurance industry.  Continued...

From the President: Are You Part of the Solution?   On November 19, 2003, two ratings agencies issued press releases that held casualty actuaries accountable for the recent increases in property/casualty loss reserves in the United States. Fitch Ratings pointed out that while the industry had seen favorable reserve development for a number of years in the 1990's, in 2001 and 2002 the development was decidedly unfavorable.  Continued...


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